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Bitcoin-Powered Internet Advances With $4 Million Blockstack Funding

A new version of the Internet built on the bitcoin blockchain is another step closer to reality thanks to a $4m investment in Blockstack revealed in SEC documents earlier this week.

The three-year old project leverages the bitcoin blockchain to build a new Internet free of centralized servers and with a browser that enables users to control their own identities.

Based in New York, the company behind the effort is already building a browser for this new Internet, and the four-person team plans to use the funds to finalize a single, unified platform with which developers can build a new network of sites.